ThomsonReuters

JANUARY 24, 2023

This starts with solid reporting by company management and presents a significant opportunity for auditors. Why are ESG audits important? According to CAQ, auditors, especially public company auditors, are ideally positioned to enhance reliability of ESG reporting.

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ThomsonReuters

SEPTEMBER 30, 2024

What skills will future auditors need to succeed? I have a couple of attorneys on staff and one of my auditors is an attorney. National and regional firms are traveling auditors to death. So within the last six months, I’m seeing a lot of auditors are applying to us again. Are you ready for the future of audit?

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ThomsonReuters

MAY 23, 2024

By paving the way for auditors at every stage of their career, our expert-led sessions deliver practical, pertinent content in a captivating and accessible format. This empowers your auditors to work more efficiently from any location, leading to improved client service.

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ThomsonReuters

FEBRUARY 23, 2024

To prepare for a sales tax audit, it is important to understand what auditors are looking for and why. State auditors, for example, are usually trying to locate revenue they can recover, so they are looking for instances when taxes have either been underpaid or underreported. Think Black Friday and Cyber Monday, November and December.”

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ThomsonReuters

MARCH 19, 2024

To justify contesting a sales tax audit over documentation issues, Bobby says a company must first believe it has the invoice(s) or exemption certificate(s) to prove to auditors that their assessment is invalid. But suppose you bought 1,000 compressors in 2024, and you know auditors will raise the same tax issue in the future.

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audit Sales Tax auditor 52

ThomsonReuters

JANUARY 12, 2023

Historically, auditors spent weeks out in the field holed up at the headquarters of the company undergoing an audit. The sooner auditors can begin reviewing documents, the better. In a remote audit, auditors may not be there to physically check the client’s inventory. Outline the protocols for a secured file sharing site. .

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ThomsonReuters

SEPTEMBER 26, 2024

Lack of efficiency Like most industries, auditors struggle to do more with less. Technology Integration: SAS 145 mandates that auditors understand client technology use, especially cloud computing, to ensure thorough financial statement audits. With the cloud, you have access to backup files at any time.

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audit auditor Technology financial statements 40

Withum

DECEMBER 12, 2023

In fact, a Center for Audit Quality (CAQ) analysis found that 90% of US companies that trusted their non-financial auditing to a publicly traded auditor used the same firm for their financial auditing. Regulation: Many of the world’s most far-reaching climate regulations require assurances from pre-approved third-party auditors.

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ThomsonReuters

MARCH 20, 2024

A lot of companies are in situations of unknown unknowns,” she says, “where they don’t even realize they have nexus and they end up finding out in painful ways when auditors come knocking.” Auditors typically request data encompassing several years, Davis notes, but large retailers may be processing millions of transactions per day.

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ThomsonReuters

JULY 11, 2023

Bureau of Labor Statistics projects the employment of accountants and auditors to grow 6% from 2021 to 2023, with the average number of annual openings around 136,400. To learn more, download the Thomson Reuters white paper, 4 ways accounting firms can appeal to new professionals. According to Revelio Labs Inc.,

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ThomsonReuters

OCTOBER 31, 2023

Bureau of Labor Statistics’ occupational outlook for accountants and auditors over the next decade calls for the field to increase by 4%—compared with a 3% average growth rate for all occupations. White paper Demystifying artificial intelligence A tax professional’s guide to cut through the noise on all things AI.

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ThomsonReuters

AUGUST 24, 2021

In the event of an audit, a tax engine can instantly provide a defensible and audit-ready data trail, saving both auditors and companies a considerable amount of time, money, and hassle. White paper: Essentials to building a winning business case for tax technology. Reduce sales tax compliance liabilities from audits.

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ThomsonReuters

MAY 22, 2024

In fact, the 2021 KPMG Finance And Audit Technology Survey , conducted in partnership with Forbes Insights, found that the majority of finance executives surveyed (80%) believe the cloud is a must have for external auditors. Furthermore, 34% of respondents said the cloud has the potential to dramatically transform the external audit.

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CPA Practice

JUNE 29, 2023

Now, Brian claims that he is a recovering auditor, I don’t think you ever get audit blood out of yourself at least listening to him, that’s for sure. White Paper, is it had an amazing appendix called audit architecture map. Podcast Transcript (Add apx 10 seconds to time stamps due to intro.) Randy Johnston 00:03 Well, good day.

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ThomsonReuters

JANUARY 28, 2025

Blog home Auditors know theres never been a more challenging time to monitor and meet evolving regulatory and professional standards changes. White paper Audit from anywhere: Remote audit best practices for a new era of audit teams Read white paper 3.

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ThomsonReuters

DECEMBER 27, 2024

Unique audit risks related to cryptocurrency What is an auditors responsibility in crypto audits? As the crypto market continues to grow, auditors must adapt their approaches to address these new challenges. Additionally, auditors need to understand the specific risks associated with cryptoassets.

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